Is High Point, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing High Point is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, High Point was a Seller's Market.

Key Takeaway

High Point is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in High Point, WA

How much do homes in High Point, WA cost?

Median Sold Price

$649,500

$447/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$25,500(-3.8%)

Key Takeaway

Homes in High Point have sold for 3.8% less than they did a year ago.

Summary: The median home sold price in High Point was $649,500 in October 2024, down 3.8% from last year, and the median price per square foot was $447.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $450K-
N/A
2 $615K$620K
+0.8%
3 $715K$709K
-0.8%
4 $817.3K$808K
-1.1%
5+ $865K$759K
-12.3%

Summary: High Point housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.8%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 12.3%.

Median Sold Price Compared To Nearby Neighborhoods

Delridge
+6.1%
High Point
-3.8%

Housing Supply in High Point, WA

How many homes are available in High Point, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2223+4.5%

Summary: The High Point real estate market had 23 homes for sale in October 2024, a 4.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1211
-8.3%
3 79
+28.6%
4 23
+50.0%
5+ 10
-100.0%

Summary: The High Point housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in High Point, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in High Point in October 2024, down by 62.5% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for High Point, WA

How long does it take to sell a home in High Point, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days40 Days+139.2%

Summary: Homes in High Point had an average of 40 days on market in Oct 2024, up by 139.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in High Point are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in High Point; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in High Point, WA

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